January 24, 2025:
Stargate Project Faces Funding Challenges - OpenAI's Stargate project, focused on developing large data centers in the U.S., faces challenges due to an incomplete plan and inadequate funding. Supported by OpenAI, SoftBank, and the Middle East AI fund MGX, SoftBank and OpenAI have each committed just over $15 billion. They are seeking additional funds from investors and debt.
Elon Musk's social media criticisms of Stargate's financial assertions have stirred controversy, despite the Trump administration's attempts to downplay it. OpenAI has yet to respond to the situation.
